Lumber Liquidators Reports Net Sales Increase of 10.7% YOY in Q2

Toano, VA, August 1, 2017-Lumber Liquidators reported net sales for the second quarter 2017 increased 10.7% to $263.5 million from $238.1 million in the second quarter of 2016.

Net sales in comparable stores increased $21 million, or 8.8%, driven by a 5.3% increase in the number of customers invoiced and a 3.5% increase in the average sale.

Net income for the quarter was $4.5 million, compared to a net loss of $12.2 million during the prior-year period.

The company did not open any stores during the second quarter of 2017, so total store count remained at 385 as of June 30.